Rolla, Kansas Property Taxes
The median property tax rate in Rolla, KS is 2.09%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Rolla, the typical annual property tax bill reaches $1,948, which is below the national median of $2,690. Property taxes in Rolla are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rolla's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rolla or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rolla, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$2,202
Ownwell’s Rolla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rolla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolla to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rolla, Kansas
Property taxes in Rolla, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolla is 2.09%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Rolla set these rates annually, and they can vary across different neighborhoods. Each year, Rolla estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Rolla's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67954 has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Rolla provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rolla Tax Rate
2.09%
Average Stevens County Tax Rate
2.00%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rolla, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67954 | 1.44% | 1.61% | 2.09% | 2.27% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Rolla, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rolla, Kansas. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Stevens County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Rolla, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Rolla's median home price stands at $105,345, with tax bills ranging from the 25th percentile at $1,367 to the 75th percentile at $2,199, and the 90th percentile reaching $3,185. The highest and lowest median tax bills are both $1,948 in zip code 67954. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rolla Assessed Value
$105,345
Average Stevens County Assessed Value
$87,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rolla, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67954 | $43,469 | $62,605 | $105,345 | $130,345 | $169,962 |
Source: Ownwell
Property Tax Bills Across Rolla, Kansas
In Rolla, Stevens County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. For instance, the median home price in Rolla is $105,345. Homeowners in Rolla can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,367, while the 75th percentile reaches $2,199, and the 90th percentile can be as high as $3,185. These figures illustrate the range of possible tax liabilities, highlighting how different property values and assessments can impact homeowners. Compared to the national median property tax rate of 0.99%, the tax rates in Rolla reflect the local economic conditions and property values, providing a tailored approach to property taxation in the region.
Average Rolla Tax Bill
$1,948
Average Stevens County Tax Bill
$1,676
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolla, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67954 | $1,015 | $1,367 | $1,948 | $2,199 | $3,185 |
Source: Ownwell